Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information (Unaudited)

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Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (Unaudited) Quarterly Financial Information (Unaudited)

The following is a summary of unaudited quarterly results of operations for the years ended December 31, 2019 and 2018:
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
amounts in thousands,
except per share amounts
2019
 
 
 
 
 
 
 
Revenue
$
217,736

 
217,566

 
227,044

 
232,387

Operating income (loss)
$
(32,644
)
 
(16,253
)
 
(4,174
)
 
(164,450
)
Net earnings (loss)
$
678,486

 
459,044

 
89,294

 
711,418

Net earnings (loss) attributable to GCI Liberty, Inc. shareholders
$
678,543

 
459,044

 
89,322

 
711,789

Basic net earnings (loss) attributable to Series A and Series B GCI Liberty, Inc. shareholders per common share
$
6.47

 
4.38

 
0.85

 
6.75

Diluted net earnings (loss) attributable to Series A and Series B GCI Liberty, Inc. shareholders per common share
$
6.41

 
4.34

 
0.84

 
6.72

 
 
 
 
 
 
 
 
2018 (1)
 
 
 
 
 
 
 
Revenue
$
61,204

 
233,490

 
210,146

 
234,922

Operating income (loss)
$
(7,369
)
 
(593
)
 
(19,869
)
 
(222,161
)
Net earnings (loss)
$
(170,731
)
 
(303,480
)
 
317,256

 
(716,699
)
Net earnings (loss) attributable to GCI Liberty, Inc. shareholders
$
(170,692
)
 
(303,326
)
 
317,383

 
(716,668
)
Basic net earnings (loss) attributable to Series A and Series B GCI Liberty, Inc. shareholders per common share
$
(1.58
)
 
(2.82
)
 
2.95

 
(6.72
)
Diluted net earnings (loss) attributable to Series A and Series B GCI Liberty, Inc. shareholders per common share
$
(1.58
)
 
(2.82
)
 
2.91

 
(6.72
)
(1) As of March 9, 2018, the Company's financial condition and results of operations include the activities of GCI Holdings, which are further described in notes 1 and 4.